US defense contractor Lockheed Martin said it was looking to make more acquisitions after its purchase of IT firm Amor Group.

As risk is shunned by regular banks, Melody Capital Partners takes on risk to expand its business. After the announcement by UBS AG of its closure of its fixed-income trading business last OCtober, three executives of the bank had opened up shop to trade in areas where bigger banks have since refused to tread.

In an interview with CNBC, Carl Icahn confirmed his firm's large purchase of Apple stock as it fell due to consumer disinterest in new iPhone models.

According to sources familiar with the matter, French bank Societe Generale was considering on selling its Asian wealth arm based in Singapore.

The acquisition of IT firm Amor Group was recently announced by Lockheed Martin Group for an undisclosed amount.

KPN's negotiations with America Movil regarding the EUR7.2 billion or USD9.58 million bid remained to be over.

Sources told Reuters that electronics maker Sharp Corp. would be raising USD1.7 billion to keep itself afloat until the end of the business year in March next year.

EU submits a list of proposals aimed to improve the EU telecommunications industry. In its newest attempt to overhaul the European Union's telecommunications industry, a proposal to place a price cap on cross border phone calls in Europe was made.

UltraTech had agreed to buy Gujarat cement plants from Jaypee Cement Corp. valued at INR3.8 billion.

Britain's Royal Mail had received GBP1.4 billion in credit facilities according to a Sky News Report on Tuesday.